As someone with both a PhD, and over 10 years' "real work experience", no, a year or work experience is nothing like a PhD. And no, my PhD wasn't about what I could do afterwards - I actually contributed a small, but useful, piece of knowledge, which is still referenced by researchers today on a regular basis. To me, my PhD was a bigger achievement from an intellectual, and maybe "use to the world" perspective than my whole business career has been.
On a side note, I've never quite understood what it is about the PhD that creates such ire and envy in people (not you of course!). I've had people several levels above me at work, as well as people much more successful than me in monetary terms, get super competitive when they find out I have a PhD. Really brings out insecurities, in my experience.